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they did not vote on the total budget, deficit or surplus if there was one. this is to get them to vote for a budget resolution one place, one time and then run for election on your vote. that stopped. they didn't want to vote for this, and there is no penalty for not voting in it. and then congress doesn't feel they have any obligation to pass one of its own. the process needs to be completely redone. it's not shown that anyone has the testicular fortitude to do it. >> the debt limit is not the place to be having a discussion wherof how you spend your money. this is interesting to me that conservative members of congress are having their cake and eating it, but at the same time not able to prioritize spending the way they would actually like. >> well, let's remember that the conservative members like liberal members can't make decisions unilaterally. i'm sure if the conservatives had the power with the hype see. they probably have trouble getting the support with the reading of the lord's prayer these days. but when it comes to taxes and budget and taxes debt, it's difficult because th
or attempted suicide in the past, you are not allowed to enter the military. attention deficit, a common disorder. conduct disorder, juvenile delinquency. they are not more suicidal prior to entering the military. and you might age a teenager who is a fearful kid is not going to be the type of person who will volunteer for the army. those who join the army are more confident, risk-takers, and less anxious than other people. the kinds of things that were there in abundance compared to the population to do with i want pulsesivetyimpulsivity, and ang. >> the rate of anger is five times higher among soldiers than civilians. is that a marker for pre-disposition down the road? >> well, it is. we don't think of anger being associated with suicide. we more typically think along the line of depression. but fact people who are angry at other people, who are aggressi aggressive, do have increased rates of being angry and violent towards themselves. they are higher suicide rates. perpetrators of violent crime has higher suicide rates than other people. >> amy, are families sometimes put in. terrible
light, only 5/100ths to maybe a quarter rainfall deficit still severe. san francisco, sfo over ten inches of rain. so drizzle tonight. lows mid-50s tomorrow, highs into mid 0 upper 60s to near 70s inland here is the accu-weather forecast. sunny mild friday. saturday. clocks forward as we spring forward to daylight savings time we'll be greeted with a little rain in the north bay, sunday. dan, cheryl? >> thank you. >> you know old saying if you can't beat them, join them. >> that is now including graffiti. coming up one big attraction southbounding turned into a playground for street art. plus... how many people think soft swear not on your competer >> a bear cub found at a resort and what likely woke dinner's no. we get to the end of the day and i am toast. in fact, we've had toast for dinner. but tonight i nailed it. kfc family feast. 9 pieces any recipe, 3 large sides, 6 biscuits, $19.99. do not give up on dinner. ♪ >>> great lakes almost completely frozen over. now covering 90% of the surface, one of the highest ever recorded. and a new report says january is winter weather co
. at a time when our deficit has been cut in half, it enables us to meet our obligations to future generations without a mountain of debt. this adheres to the spending principles members of both houses and both parties agreed to. it also builds on that progress with what we are calling an opportunity, growth, and security initiative, that invests in our economic priorities in a smart way that is fully paid for by making smart spending cuts and closing tax loopholes that right now only benefit the well-off and well-connected. i will give you an example. right now our tax system provides benefits to wealthy individuals who save, even after they have amassed multimillion dollar retirement accounts. by closing that loophole, we can help create jobs and grow the economy, and expand opportunity without adding a dime to the deficit. we know the country that wins the race for new technology will win the race for new jobs, so this budget creates 45 high-tech manufacturing hubs where businesses and universities will partner to turn groundbreaking research into new industries and new jobs made in america
bay mountains and the remainder will see .05 to a quarter of an inch. the rainfall deficit is still severe with most locations needing 10 inches or more of rain to get to normal levels. cloudy and drizzle may develop in the north bay. low temperatures in the mid50s. it will be mild overnight. tomorrow mostly cloudy. still mild in the inland east bay and south bay and around the peninsula. here is the seven-day forecast. we will see mild to warm conditions on friday and saturday with inland highs and bayside highs in the low 70s. mid60s on the coast. spring forward with your clacks -- clocks saturday night into sunday. that's when daylight savings begins and that's when we will get our next bout of rainfall is on sunday. >> thank you very much. >> now larry beil is here with sports. >> warriors to talk about? >> this was fantastic. not only did the warriors win, but it is how they won this game. the game on the line, that's next. this is a huge win by a small margin. owners of the best record in the league on a last-second shot not taken by steph curry. here is trouble. he loves th
. the rainfall deficit is still severe with most locations needing 10 inches or more of rain to get to normal levels. cloudy and drizzle may develop in the north bay. low temperatures in the mid50s. it will be mild overnight. tomorrow mostly cloudy. still mild in the inland east bay and south bay and around the peninsula. here is the seven-day forecast. we will see mild to warm conditions on friday and saturday with inland highs and bayside highs in the low 70s. mid60s on the coast. spring forward with your clacks -- clocks saturday night into sunday. that's when daylight savings begins and that's when we will get our next bout of rainfall is on sunday. >> thank you very much. >> now larry beil is here with sports. >> warriors to talk about? >> this was fantastic. not only did the warriors win, but it is how they won this game. the game on the line, hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. you always do what they tell you? no... try it, and see what your good driving can save you. you d
we'll be contemplating that as we look at expenditure changes and closing the deficit as well as putting more muni service on the streets. our two big things within muni. we have similar issues throughout the rest of the agency the controllers do audit of a number of years ago identified inadequate staffing and the signage and some of the other assets and starting making progress there we need more progress we're under budgeting the enforcement overtime. that he there are many other communications that span out that's a big opportunity we've not adequately resources in the past we'd like in this budget to make progress on. we're here a lot today about the revenue side and things were there might be reductions and wanted to make sure that we kept in mind also the expenditure needs or wants that we want to contemplate to advance our strategic goals particularly the two transit goal. that's what's on the table in summary form for the operating budget now a quick walk through the capital budget and a. on the capital budget i'm going to focus on two slides slide 21 the overall numb
. the white house budget office projects-- the proposals reduce the federal deficit to $564 billion by 20-15--- taking the defict down by about half of what the obama administration inherited. house speaker john boehner criticized the spending increases, and called it the president's "most irresponsible budget yet." radio shack is on shaky ground with investors...the stock fell 17% yesterday after turning in a larger than expected loss for the 4th quarter. the electronics retailer also plans to close up to 1,100 stores. radio shack's ceo admits the company is partly to blame for the dismal holiday earnings. however, he remains confident in the turnaround plan. a week after online exchange mt. gox lost close to a half- billion dollars' worth of bitcoins to hackers, another exchange says the same thing has happened to them flexcoin has shut down, saying that hackers stole all of its bitcoins -- 600-thousand-dollars' worth. these troubles have not negatively affected the value of bitcoins ---just one is still worth about 700-dollars. that price has rallied since the mt gox hack. a judge i
and made dramatic progress in eliminating our structural deficits. thanks to the wisdom of our voters to confront unfunded pension and retiree health liability. better times will return but we must not be attempted to stray from the path of discipline as we craft our new budget we must invest in services and staffing we can afford over the long-term. and one of the responsibilities is insuring public safety. in 2014 san francisco is one of the safety 0 cities and thanks cohesive still the assistant district attorney thank you for your teamwork (clapping) two years ago alongside supervisor cowen our police department and the partners in the community we launched the ipo strategic interrupt, precinct and ores and we've seen remarkable results. holdings are down 30 percent among lowest in 35 years. (clapping.) but we can do better. we can do better with new police and a fire academy we'll higher and train for first responder from 9-1-1 operator to firefighters and a police officers you'll see them on hate street to the tenderloin and a central market and thank you to our men and women fo
quarter. champions league garden after that, desperate not to make too big an advantage -- two big deficit after the advantage. ." you are watching "france 24 our top stories of course the growing crisis in ukraine, the subject of today's inside look. joining us is the director of the polish institute of international affairs, joining us via skype. thank you for joining us, sir. all of this diplomatic wrangling comes a day after u.s. president barack obama warned moscow it was "not fooling anybody" over its involvement in crimea. there have been tough words exchanged between russia and the u.s. will the diplomats be able to overcome that animosity and come to some sort of solution? >> i think it will be extremely difficult because it is a situation where russia has invaded the territory of another country in breach of united nations charter, in breach of the rules of the organization for security and cooperation in europe and in violation of treaties between ukraine and russia. this is a situation that cannot be tolerated by the international community without raising these objections. at
for now. the rain earlier in the week kept the deficit from growing, so only about 34% to 35% of average. this is how much we need to make up just to get back to average up to today. little more than ten in san francisco, oakland, sfo, and nearly 17 at santa rosa. we're going to get hardly anything close to that, lucky couple hundredths of an inch. you can see sprinkles across the north bay. you'll get steadier rain as we head into the afternoon hours. you can see the rain falling up to the north. here's what to expect, light rain in the north bay, for the rest of us, it will start moving through during the evening commute. slick spots will develop initially, then taper overnight to scattered showers for tomorrow morning. i'll give you a better time table coming up and amounts to expect and the next rain this weekend. that's coming up in your forecast. cheryl? >> thank you. in the east bay, some parents are fighting a plan to open a probation office for convicts right across the street from an elementary school. it's a story you'll see only on abc 7 news. lincoln elementary is just a few
in the next couple months we'll continue to take a big deficit out of the drought. and that is so great to be able to tell you guys. back to you scott and peggy. >>> steph curry gets outshot at practice, but not by a teammate. >> we'll show it to you after the break. >>> 11:23 right now. cool video to show you right now of the warriors all-star and three point shooter going head to head with his coach. the 25-year-old curry in a shoot out with 49 erld mark jackson. curry is arguably the best three-point shooter in the nba, but he can't beat jackson. jackson also played ball. he won all three rounds of the shooting contest. the old guy beating the young guy. >> that's good. >> this morning, john travolta is apologizing for the flub he had on oscar night. >> just one name to say. . he really butchered a name while introducing a singer. >> the one and only -- >> with over 50 million watching. he seemed to say adele daziem. he says that she would tell him to, quote, let it go, let it go. this is going on day three now. >> the unbelievable -- yeah. cross country match making. >> and a dating
in the rest of the population, are attention deficit disorder, which is vo common, and intermittent explosive disorder, which you mentioned, uncontrol abattacks of anger and exploding, and they were not more suicidal prior to entering the army, and they were not more anxious or more depressed. as a matter of fact, in terms of anxiety, you might imagine that the teenager who is a fearful kid is not going to be the kind of person who joins the army. people who joined the army were more self-confident, more risk takers, competed, adventure seeking, and less anxious than other people. so the kinds of things that were there in abundance, compared to the population, had to do with impulsivity, anger, and some bit of anti-social behavior. >> the rate of impulse of anger, according to the study, was five times higher among soldiers than civilians. is that a marker for predisposition for problems down the road? >> well, it is. and we don't think of anger as being something that's associated with suicide. we more typically think of the common mind with depression. but in fact, people who are angry at o
fight, the deficit battle. he had a very difficult re-election. just a month before, he gave an interview with black enterprise magazine he said, i'm not the president of black america. he didn't want that idea that he was favoring one particular group. i did an interview before that election. and i found out that when he came down with his senior aids just week bfers he got re-elected, he had a yellow note pad. even if this wasn't an issue, he put criminal justice reform on there and he started pushing -- gwen: we've got to go. michael's more in story in "time magazine." >> we have to leave to give you a chance to support your local pbs station. but our conversation will continue online on the "washington week" web cast extra. it streams live at 8:30 and all ek long at pbs.org/washingtonweek. and that's where you'll find my take and why 1997 was such a big year for "washington week." we're accepting birthday wishes. we'll see you next week. good night. >> corporate funding for "washington week" is provided by -- >> we went out and asked people a simple question -- how old
provisions that only benefit a favored few. to bailoutncreases washington from its debt and deficit problems. if we are going to close a loophole, the american people should get the benefit of a lower rate instead of just handing them money over to washington so he can spend more. we close a lot of loopholes, we got a lot of the junk out of the code. our plan reveals 228 sections of the tax code. we cut the size of the income tax code by roughly 25%. tax reform needs to be about strengthening the economy, making the codes blur and fairer. today we had the opportunity to make the first step forward. this is the kind of tax code the american people need and deserve. before he opened us up to questions, i want to draw your attention to a list of the major provisions in the press release. when you are talking about the entire tax code, there is a lot to go over. i want to highlight a few items on the list in addition to lowering rates, this includes simpler improved taxation of investment income. we tax long-term capital gains and dividends as normal income but exempt 40% of such income six tax,
6:00 and those without 7:00. the bridge district is trying to cover 142-month-old budget deficit. coming up next, lisa argen will have your accuweather forecast. >> yeah. hi, matt. it is a little wet out here. we are lacking at breezy winds and still showers in your weekend forecast. 54 trees in san francisco. this is a view from our sutro tower. and plenty of showers south of the city. i'll detail your forecast when we return. >> also next, a wild weather ride on the red carpet in l.a. as crews try to get ready for tomorrow night's oscars. imagine a car that gets 1,000 miles a gallon. that's the goal of some bay area students who plan to test their invention in a cros we love this! what's next? great! do you have measurements? yeah, i paced it off. it's about twenty by twelve of these. so, we can measure, plan and install it for you. yea, let's do that! ikea. professional kitchen services at a low price. [man] no one told her,right? [son]hi! [mom screams] give him the tour.heer]is k! let me show you! soft-close drawers, farm sink! um... where's my room? we had to take just a lit
to recover a $142 million deficit. it's raining outside right now in many parts of the bay area. here's lisa argen with the details. >> good morning to you. the rain is minely light. it's a bit breezy and the heaviest cells sit offshore as the area of low pressure continues to sink to the south and east of the bay. that means it will take the rain with it. a washout not in store for your saturday. in fact some sunny breaks ahead. we will talk about that and a return to more wet weather in the days ahead in a few minutes. >> thanks, lisa. also next the wild weather ride on the red carpet in l.a. as crews try to get ready for tomorrow night's oscars. and a car that gets 1,000 miles a gallon? that's the goal after student who plan to test their invention in a ♪ [ male announcer ] spring is calling. get sta-green fertilizer now just $8 at lowe's. ♪ at kaiser permanente we'vezer reduced serious heart attacks by 62%, which makes days with grandpa jack 100% more possible. join us at kp.org and thrive. >> good morning. here's a live look at doppler 7hd. the radar is showing some rain in parts of
is a distinguished churchman himself talked perfect sense. there is nothing moral about running up huge deficits about out of control welfare bills. if we do not deal with these problems, the whole country will be poorer. we should listen to the former arch bishop of canterbury. he said the churches should be aware of the dangers of blindly defending a gargantuan welfare budget that every serious politician would cut as a matter of economic common sense. i think serious politicians have to engage in it and that should go for everybody. >> ed miliband. >> i join my honorable friend's and congratulate the team on their brilliant performance at the winter olympics. as the immediate threat of flood passes, some levels are still underwater and hundreds of businesses and farms are still struggling to recover. the committee on climate change, the u.k. statistical authority have all said the government investment in flood defenses has fallen. in the light of this, does the prime minister think it is right to revisit the plan for investment in flood defense? >> we will look carefully at the plans. we hav
in the air, mike? >> it will be a enough that the deficit will not grow. the key is not letting the deficit grow after a good soaking from last week. you can see the angry sky this morning with the reds, the pensions -- pinks and turning purple and blue. in the north, we can see highway one, to guerneville, that area has the best radar returns and a sprinkling of radar runs and probably sprinkle falling across most of the north bay with heavy rains to the north and that will shift to the south so a last us have a quiet commute. this picture is more color will off our roof camera which is 10' higher than i am so you are sigh more of the colors. rainy today and over might and another chance on thursday and a spring-like warm weekend. today you can see the rain spreading south in the afternoon and all of us should be wet in the evening. we will be in the upper 50's to low 60's in the north bay because of the cloud cover and west weather and the rest of us in the low pressure 60's because of the wind. overnight it is mild at 49 in santa rosa and everyone else if the low-to-mid 50's and the stea
of rain to catch up to the normal level for this point in the season. so it's a severe rainfall deficit still. again, these steady and frequent rains are helping. >> all right. the drought is not over. >> no. far from over. >> okay. thanks, very much. >>> still to come on abc 7 nudes at 9:00, an initial sight for skiers today. the details behind the slope-side rescue of a small bear cub. >>> and a look behind the iconic work of a rock and roll photographer. what he says is the secret behind his legendary shots. attention monster taco fans! get ready for a night of monster taco madness - when two new monster taco flavors from jack in the box face off. introducing - the bacon ranch monster taco, crushin' it with strips of bacon and creamy ranch versus the nacho monster taco, comin' hard with nacho cheese and jalapeños! monster, monster, monster tacos! too much? needs an explosion. [boy] mom!ughs] [mom] yes? [boy] whoa,whoa,whoa... [mom and dad] [laughing] [boy] whoa,whoa,whoa... [mom] you've got two left feet,boo. >>> the fortunate ones among white house find their bliss and turn it into
, don't be my friend. >> easily defensible. >> another stimulus plan. more debt, higher deficits, rob our children blind and you're all in support of it? >> it's not that i'm in support of it let's talk about what it really is. the numbers already been decided. that was the whole partisan thing that happened a few months ago, what we're going to quick et over is how that money's going to be divided. >> we're going to gut defense. >> you may have heard that it's an election year. is it at all possible that this is an election budget that every one of us knows is never going through? >> we're going to rob our children? >> no, we're not. >> it's not going to happen. >> you know it's not going to happen. >> it's an election year. fudge it. >> i concede the point counselor. >> good night, folks. >> i concede that point, it's not going to happen, the fact that he wants it. didn't we learn? sl. >> he doesn't want it, congress wants it. >> everyone in congress has to run in november, it's a democratic budget p. >> why do they waste our time in. >> that's how politics works. you don't think th
'm on medication that i tell them the deficit is falling and falling pretty sharply. i think this move fiscal restraint is grossly underappreciated. i will talk about that in a minute or two. this mood of fiscal restraint will persist as long as one thing continues, that is republican control of the house. i will leave it to dr. cook to give us his analysis of where the house is headed after the 2014 election but i think this theme has legs and will continue for quite some time. now somebody asked me right before this, what about all the gridlock in washington? i would agree that we look dysfunctional in this city but i would also say that we've had some fairly interesting breakthroughs in the last two or three months. we got a budget deal. paul ryan and patty murray. i think paul ryan is growing as a politician. not as reflexively conservative. i think he was willing to look at even some modest revenue increases. we got a farm bill. wasn't a great bill but we did get a farm bill. most importantly you see clear signs from the republican leadership in the house that they did not want a crisis
it toward deficit reduction and investing in america, our roads, our bridges, our schools our health care system, our priorities demand it and require it, afghanistan is now the most corrupt nation in the world. afghanistan supplies more illegal drugs to the rest of the world than any -- all the rest of the nations combined. it's time to end our involvement and stop that shameful waste of american taxpayers' and patriots' blood and treasure. thank you, mr. speaker. the speaker pro tempore: for what purpose does the gentleman from virginia seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, so order. mr. mcdermott: mr. speaker, you listen to the other side, you'd think that the costs of the environmental protection agency's efforts to reduce demrobal warming and to protect our environment are breaking the back of our economy. but it's hardly the case. what's really beginning to break the back of our economy is the cost associated with extreme weather events. from hurricane sandy to the droughts in the midwest and the
he is recommending for each show agency and the deficit projections for 10 years. they say it will be low work, but how to make at work. obama will not be including the chain cpi proposal. inflation is measured that would have the effect of lowering social security benefits and other federal benefits. the aarp andsed by liberals in congress. arguing itthat out, was a all a branch for republicans. not willing to do a big deal on the deficit in order to get things under control. by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually released today, and to are the surrogates that the white house is sending to capitol hill over the next coming da
security is our deficits, our debt. it's going to crowd out other spending. it threatens our economic viability, our growth potential, and it actually places us at risk for some financial crisis in the years to come. so i -- our voters deserve better. and look at how they tend to maneuver this legislation. it's just so absurd sometimes. we should laugh about it if it weren't so serious, and it is serious. the sanders bill, the veterans' bill that we are being told we must vote for or they will accuse us of being unkind and unsupportive and unsympathetic to our veterans. that day's over. we're not going to be intimidated on this. we're going to do the right thing for veterans and america. this bill would exceed the spending limits for the current fiscal year that congress and other -- and the president agreed to just three months ago. initially -- and it gets worse in the outer years, it would clearly add another $260 million in mandatory spending and authorize another $182 million this year, fiscal year 2014 we're already in, $182 million. and it gets worse. so we agreed in 2011, augu
applaud the fact there is over $200 billion of deficit reduction in the affordable care act if we can find additional savings and replace lost revenue, we are certainly open to that discussion. i rise in celebration of having width stood 50 repeal votes. we are ready for the next 50. we use these opportunities to highlight the american people on the benefits of the affordable care act. and to say we are ready to have a real discussion with republicans to exert our legislative privilege to make changes. in the absence of that we applaud the president in using the ability that is we gave him under the act to help make sure the affordable care act truly makes health care more affordable for american families. i reserve the balance of my time. the speaker pro tempore: the gentleman from colorado reserves. the gentleman from texas. mr. burgess: i yield myself two minutes. the speaker pro tempore: the gentleman is recognized, two minutes. mr. burgess: mr. speaker, here's the affordable care act. the president said it's the law of the land. how does it describe the effective date for the individu
business can qualify at start-upny.com >>> it is a plan that will not add to our deficit over the next decade. it brings down our deficit by more than $1 trillion over the next two decades. >> which will go a long way towards controlling these costs. that costs are going down. >> president obama promised you that the affordable care act would cut healthcare costs. we now know, that's not true. the most recent cbo estimate is that obamacare will cost more than 2 trillion over the next decade. a new report by senator tom coburn shows it will be even more than that way more. maybe even 31,000% more. how does he know? senator coburn joins us. nice to see you, sir. >> good to see you hard to understand. >> that's the history how good we are at estimating costs. you just take what the cbo said this year versus what they said when the bill was passed. we are now twice as much as what they said. >> you go back to 1966? >> no. i'm talking just about the affordable care act. a trillion dollars. >> that's 31,000%? >> no. well, that's a doubling of what they thought it was going to cost over the l
? it is contained. we do not think it is a contagion threat. in the so-called double deficit countries, they are quite small in terms of their exposure to the developed market angst. opportunityke this to buy more emerging-market equities right now? intoe you still buying other equity markets, more developed markets in the u.s. and eurozone? >> it depends on your timeframe. over the next six months, i don't see a lot of triggers that will send the emerging markets story into a by scenario. i would be cautious. the valuation discount is about 30% and that is attractive. and lot of contagion risk that is psychology with the ukraine and other stories is scary so i would be cautious to neutral on emerging markets right now. have thena does not risk of contagion, you mentioned the fragile five, which might present a risk when we talk about the contagion to emerging markets? >> i don't think any of the fragile five are a risk in the developed markets for a couple reasons. they are tiny. take argentina and venezuela and put them together, less than half a point of global gdp. they are really
moral about running up huge deficits, about out of control welfare bills. if we don't deal with these problems the whole country will be poor. i think we should listen to the words of george carey, the former archbishop of canterbury who said this. the churches should be aware of the dangers of blindly defending a gargantuan welfare budget that increases politician would cut as a matter of economic common sense. i think serious politicians have to engage in this and that should go for everybody. >> ed miliband. [shouting] >> mr. speaker, i join my honorable friend and the prime minister in congratulating team gb on a brilliant performance at the window limits but as the threat of floods passes there's thousands out of their homes. some are still underwater and hundreds of businesses and farms are still struggling to recover. the committee on climate change, the house of commons library and the uk statistical authority have all now said that government investment and flood defenses has fallen. in the light of this an event we have seen, does the prime minister think it's rig
lending that will be done. in other words, the tax will go not to reduce the deficit or debt and it will be less lending. why would we be doing that? it makes no sense. spoke with a hunt representative and i want to get your take. to 25, and you are right, 99% of taxpayers will be at 25% or less. 99% and a when i was in school. what we do that is have trade-offs. >> back to the one percent argument. does this thing stand a snowballs chance in hell passing? >> for the bank tax, i hope not, cost -- because you will have less lending. the panel that i was on, and simpson bowles, better known to the general public, we all recommended dramatic reduction rates and elimination of most exemptions, deductions, and credits. that is the only way you solve the problem. if you go at it piecemeal, whether a bank tax on mortgage interest eduction, you never get it resolved. the reality is you want to balance the budget and get the debt in line with where it ought to be. you are going to have to do very dramatic things. i am glad that conversation is starting. you are known as one of the mos
because of legislation that congress passed last year to address the deficits, chronic deficits in the national flood insurance program. they are undoing the work to providing relief. the house will take up an energy bill -- one which will restrict the epa's regulation of carbon emissions by coal-fired plants. this is a big priority of utilities. it would require any limits for new plants to be based on existing technology. that is -- it will be a theme this week. there will be several energy bills, just like there was a theme last week about excessive regulation. >> adriel bettelheim, we thank you for the lookahead. as always sir, thank you for your time. >> my pleasure, sir. >> on the next washington journal, national review columnist talks about us -- joins us to talk about the tea party. followed by randi weingarten. we are joined with daniel in the council of foreign relations. washington journal is live at 7:00 a.m. eastern. >> is this a technique you hope will prove fruitful? reagan hadour of less to do with the hollywood roots per se. ofwasn't the climber hollywood exact
of people felt was ungovernable, chiefly because of the budget deficit and now there's a surplus. is there a national leadership lesson that california provide? >> you've got to be tough on spending. at the end of the day, fiscal discipline is the fundamental predicate of a free society. and you just have to maintain that. secondly, you do have to find a way to create a governing consensus or coalition. in california, we do have a majority democratic party. and we don't have the any constitutional blocking points like the 60-vote requirement in the senate or the division of parties in the house between the house and the senate. >> it is interesting, is there a lesson for president obama no matter how liberal you are, you said, here the president's about to present a budget where he's saying look, the deficits are coming down for now. we've got to spend more. we're only going to get the economy going in a meaningful way if we spend more on infrastructure and the loo i can. >> yeah, spend more but in the framework of adjusting your long-term liabilities so we're in balance. so that
popular. you took a state a lot of people felt was ungovernable, chiefly because of the budget deficit, and now there's a surplus. is there a national leadership lesson that california provided? >> well, you've got to be tough on spending. no matter how liberal you want to be, at the end of the day, fiscal discipline is the fundamental predicate of a free society and you just have to maintain that. secondly, you do have to find a way to create a governing consensus or coalition. in california, we do have a majority democratic party. and we don't have any constitutional blocking points like the 60-vote requirement in the senate or the division of parties in the house between the house and the senate. >> it is interesting, isn't it, is there a lesson for president obama no matter how liberal you are, you said, here the president's about to present a budget where he's saying look, the deficits are coming down for now. we've got to spend more. we're only going to get the economy going in a meaningful way if we spend more on infrastructure and the like. >> yeah, spend more but in the framew
a lot of people felt was ungovernable, chiefly because of the budget deficit and now there's a surplus. is there a national leadership lesson that california provide? >> you've got to be tough on spending. at the end of the day, fiscal discipline is the fundamental predicate of a free society. and you just have to maintain that. secondly, you do have to find a way to create a governing consensus or coalition. in california, we do have a majority democratic party. and we don't have the any constitutional blocking points like the 60-vote requirement in the senate or the division of parties in the house between the house and the senate. >> it is interesting, is there a lesson for president obama no matter how liberal you are, you said, here the president's about to present a budget where he's saying look, the deficits are coming down for now. we've got to spend more. we're only going to get the economy going in a meaningful way if we spend more on infrastructure and the loo i can. >> yeah, spend more but in the framework of adjusting your long-term liabilities so we're in balance. so that
broken, it's costing taxpayer money, covered california will be going into deficit -- >> the irony there -- you know your state betterment you have a democratic governor, democrats in control of both houses in the legislature. i see this in maryland where the democrats run the show, enif you want to lay it on the republicans and whether they go along, it's fraction of the problems they're encountering now. so you have to worry more, those who are pushing the healthcare law, be they on left or the right. you have to look under your own hood because it's your own party's governors jostling the problem. >> they don't want to look under their own hood. they want to blame the republicans. blame everybody but themselves -- >> or just rush the signups like we saw in maryland and ask questions later, just get them in, get them in, get them. in, ask questions later. >> they're in panic mode. they see the failure and they want to shift the blame, but what has to happen, the governors and the state legislatures that are supporting obamacare, the senators and congressmen that are supporting ob
not do nearly enough to tackle the entitlement program. thepoint has been made deficit has come down so much in the short term, and that is true but there was a fiscal problem facing the country. the real problem is the medium and long-term debt. the real problem is dealing with health care, aging population and health reforms. -- let mee ask about ask about the private deck with a tax break the industry has gotten for years. it sounds like both sides ones that do go away. does that mean it will? not think so. far from obvious that both sides want it to go away. speaking fellow republicans. many walked away from that as soon as it came out. carried interest belongs as part of a broader tax reform, but none actually tax it correctly. it withet serious about something with integrity it is just convenient, and that is no way to do tax policy. real,ld do some meaningful tax reform. really hurt his base if he takes on entitlement reform in a way that means cutting entitlements in the future. >> can i say something about that? >> was that my? -- mya? hurting his about base might be true polit
. at a time when our deficits are falling at the fastest rate in 60 years we have to decide if we're going to keep squeezing the middle class or reduce deficits responsibly while taking steps to grow the middle class. >> that was president obama outlining his $4 trillion budget for 2015 setting the stage for another budget fight. it calls for growing are the tax expansion. the president says he's paying for all of this by closing loopholes, one of which is wall street's favorite loophole which allows hedge fund managers to count their investments as income instead of capital gains. many think it faces a long road because of republicans in the house. to walk us through the budget battle, jimmy williams, an opinion writer for u.s. news.com and an msnbc contributor. how are you? >> how are you, hello. >> i want to start with one of the more important things which is that child care tax credit. this is big for people. when you look at the numbers from the white house, you're talking about well over 1.5 million people effected, $600 for a lot of folks with children under five years old. my view
not a wit of care to the working and unemployed. they talk about obsessions with deficits and debt. and then they refuse to raise revenue in any form or fashion. >> advertisement reform with the chained cpi last year. they don't back him when he is trying to do what they say they want to do. >> they predicate their position on ignorance. and nobody actually calling them out. i mean, the sound that you played at the beginning of this segment, that's the -- that's all you need to know about the republican party. on the one hand, on the other hand. and in the meantime, if you ever ask them for a meaningful piece of policy, of governable policy, they have nothing. >> you know the guy's running around a big arena, trying to get to the farthest right. well, they always want to be the hardest rail to the right. take a look at lindsey graham here, who seems oftentimes a reasonable guy, but he is so scared of looking reasonable because it will get him killed in south carolina. on twitter he wrote today, isn't it original? it started with benghazi. when you kill americans and nobody pays a p
happen to like, is going anywhere. >> what do you like about it? >> the deficit is going down considerably. >> is that from fiscal reform or from the economy growing? >> i think it is both. the sequester, which i did not happen to think is an intelligent approach, has been effective. have beenwe increasing revenue because of the economic recovery and the composition of the recovery. those two things and some others have resulted in the deficit coming down considerably. it is projected at 3.1% of gdp. it is way down. it was over 9%. we should step back and recognize that is good progress. you could debate who is responsible, but it is good progress. second, some of the initiatives, let's just take infrastructure, are so vitally needed. both sides agree, it is just how to pay for it. it is not going anywhere. senator johnson is right. it is an election year. this budget will just sit there and not be acted on. >> senator, you are saying it does not address the big issues, which you mentioned, entitlement spending. there were no big numbers around cutting social security or any o
'd have to keep mentioning it. we are reduce ug the budget deficit through the a.c. avment i know our colleagues on the other side of the aisle are very, very careful about budget deficits. good. they should be. well, health care costs are declining and declining significantly. some of that is due to the recession, but almost every expert says much of that is due to the a.c.a. national health care expenditures, for instance, in 2012 grew by 3.7%, meaning that the growth from 2009 to 2012 was the slowest since government collected information. and that was in the 1960's. the percentage of health care spending for the first time -- the percentage of g.d.p. -- actually shrunk from 17.3% to 17 230eu%. at the same time, solvency of medicare health insurance fund increased and costs declined. so this is great news. bottom line, i know our colleagues on the other side of the aisle think they've hit political gold had they attack the a.c.a. and call for its repeal. but the american people don't want repeal and, secondly, as we move on in time, the positives of a.c.a. will become more apparent
, runaway deficits, political instability, i think argentina and venezuela are headed to a chaotic political environment that is going to affect brazil and chile. as a geopolitical matter, the united states and it's relationships with south america are at risk. the oil problem is a big one. if venezuela should really go essentially belly up, that is going to--that could raise oil prices for a while to $5 to $10 a barrel. >> first of all, brazil one of the countries we've talked about for several years now as being on an economic growth terror, that's not the case. it's growth has slowed and it will grow a little less or about the same as the united states in 2014. it will start to have an impact on the world. there is a real domino affect if latin america becomes a problem. what is the effect to the rest of us? >> it's probably pretty contained. i think argentina, the reason why we're concerned about brazil is we think argentina is really going to go down. in its economy, and in its politics. and argentina buys a lot from brazil and chile, so both of those countries are going to suffer in th
. it's not getting its deficit under control. in front so that economic growth is always holding the covering supported by a brother to me to pick up truck in private consumption. europe's powerhouse germany could be in trouble selling a completely different way gemini is in showing steady growth thanks to blame domestic demand. but it's been criticized by other nations for escorting far more points than it imports that could be against eu worlds. grants commission is due to produce a report on the matter next week alternative markets now where we got a lot of mixed signals and trading in germany as a reporter at the frankfurt stock exchange the lead ups. these are good times for german companies for the big ones in the backs of all the more. basf has in the us prison as medical care the charter company a subsidiary of freezing spl presented solid results basf with a two thousand thirteen as good as never before. but it was not enough for investors. all three shares went down. indeed it is an answer and cousin yes medical care tumbled because of the results were a little bit wors
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